Harry Sudock (GRIID) on Bitcoin Mining & Electrical Grids

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Alex talks with Harry Sudock, CSO at Griid (griid.com) and partner at Bitcoin Park (bitcoinpark.co), about bitcoin mining and its electricity consumption. Harry teaches us how electrical grids work and explains how bitcoin mining can be incredibly additive to their stability and operation. As part of the discussion, we cite a recent paper by MIT climate scientists which evaluates Bitcoin’s energy consumption (https://ceepr.mit.edu/wp-content/uploads/2023/06/MIT-CEEPR-WP-2023-11.pdf). We also discuss Harry’s work building a bitcoin community at Nashville’s Bitcoin Park. Alex also talks with Beimnet Abebe about markets. This episode was recorded on Wednesday, July 19, 2023. ++ Follow us on Twitter, @glxyresearch, and read our research at www.galaxy.com/research/ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at www.galaxy.com/disclaimer-galaxy-brains-podcast/